Many people don’t realize they can utilize the funds in their retirement accounts to purchase a business, tax-deferred and penalty-free. While it's often referred to as a 401(k)/IRA loan, it is technically not a loan, given the fact that there are no loan payments or interest involved. You are simply using the money you put aside for retirement to invest in yourself and your new business.
Benetrends has been a pioneer in implementing ROBS (Rollovers as Business Start-Ups), helping entrepreneurs like you use their retirement funds to finance their dreams of owning a small business, as opposed to seeking a traditional loan. The Rainmaker Plan® is your option for funding a business without loan payments or interest.
Advantages of The Rainmaker Plan:
*amount is based on current age, projected retirement age, salary and past service with company
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